This figure shows the United States’ seven largest trading partners.  Using the figure, with which of the following does the United States have a trade surplus?Click to view larger image.

The phase of the business cycle where the economy is growing faster than usual is called

Given an excessively high aggregate demand of $28 trillion dollars, and the government decides to bring this under control by cutting spending by $150 billion and increasing taxes as well by another $130 billion making a total fiscal restraint of $280 billion. If the marginal propensity to consume is 0.9, what will the cumulative impact of the government’s fiscal policy move on the economy?

Which of the following statements best describes the trends in the United States and the world regarding international trade?

Which of the following is an example of a positive economic statement?

What is the value of the money multiplier when the required reserve ratio is 7 percent?

Which of the following is the correct expression for calculating economic growth?

What is the value of the money multiplier when the required reserve ratio is 7 percent?

Suppose someone finds a production possibilities frontier (PPF) that is shaped like a straight line. What can one determine about the production of the two goods?

Suppose the Chinese yuan is pegged so that the exchange rate is 0.17 dollars per yuan. If an iPhone costs $200 in the United States, how much would the same iPhone cost in China if purchasing power parity holds?